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Deductibility - Meaning, Definition & English Examples

Deductibility refers to the ability to subtract certain expenses or costs from taxable income, reducing the amount of tax owed. It is commonly used in tax and financial contexts.

deductibility

/dɪˌdʌktəˈbɪləti/ /dɪˌdʌktɪˈbɪlɪti/

Definition:

The quality of being able to be subtracted, especially from taxable income.

Synonyms:

allowance, exemption, subtraction

Part of Speech:

noun

Antonyms:

non-deductibility, inclusion

Common Collocations:

tax deductibility, full deductibility, partial deductibility

Derivatives:

deductible, deductibly

Usage Tips:

Use 'deductibility' when referring to expenses that reduce taxable income under tax laws.

Common Phrases:

tax deductibility limits, maximize deductibility, verify deductibility

Etymology:

Derived from Latin 'deducere' (to lead down or subtract) + '-bility' (suffix forming nouns).

Examples:

  • 1. The charity donation has full deductibility this year.
  • 2. Check the deductibility of your medical expenses before filing taxes.
  • 3. Business travel costs often have high deductibility for freelancers.
  • 4. The new law limits the deductibility of mortgage interest.

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